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701 W Coolidge Avenue 
Coolidge, AZ
85128
4 Beds 2 Baths 1,715 sqft
Built 1953
INVESTimate
$199,900
List Price
$58,724
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PROPERTY INFO
FACTS
- Built In 1953
- Price/Sqft : $116.56
- 3 Days on Market
- MLS # : 6122020
- Updated Date : 08/25/2020 at 12:12
CONSTRUCTION
- Beds : 4
- Floor Size : 1,715 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Location Location Location!!! Incredible opportunity to own this 4 bdrm 2 bth + (550 sq ft addition not included in sq ft, evap cooler only) on just under half-an-acre lot with no HOA & endless possibilities such as home business, build a casita or workshop. Original red brick construction home with covered front porch. Spacious great room floor plan with stacked stone fireplace & modern wood mantle to enjoy your electric fire. Granite tile kitchen counter with matching backsplash, breakfast bar, gas cooktop and wall oven. Master bedroom has walk-in closet. Corian countertop in the master bath with double sink. Cedar-lined closets throughout. Step through the backdoor onto the cement patio leading to the large grassy backyard with children's play area. Don't miss out on this opportunity!
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PRICE & RENT TRENDS
Zip Code: 85128
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85128
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $960 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$125 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$63
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$199,900
PROJECTED PRICE
$960
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 7.94% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,724
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $49,975 |
| Loan Amount | $149,925 |
4.17
YEARS SAVED
$8,992
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$960
LIST RENT -
$0.56
LIST RENT PER SQFT
-
$995
COMP ESTIMATED VALUE -
$0.58
COMP AVG. RENT PER SQFT
Comps Range
-
701 W Coolidge Avenue Coolidge, 1
- 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1953
- Rent
- Rent Per SQFT
- $960
- $0.56
-
446 W Kennedy Avenue Coolidge, 2
- 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1945 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1945
LEASED 12/12/19- Rent
- Rent Per SQFT
- $1,193
- $0.58
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122020
Last Updated: 08/25/2020
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
